The fall elections impacted the bill somewhat as the chief sponsor and House Commerce Committee Chairman Representative Tom Murry lost his re-election bid, but we are grateful to Representative Murry for all his efforts to put this bill together and get it passed in the NC House. The bill had 18 other sponsors in the House last time around and we anticipate broad bi-partisan support in the new session. We also encourage the NC Senate to take up consideration of the bill on its own merits this time. If the Senate can find a way to do that, the NC JOBS Act exemption should be available to help businesses and investors grow the North Carolina economy and create jobs in 2015.
Texas Launches Intrastate Crowdfunding
Yesterday a new intrastate crowdfunding exemption very similar to the NC JOBS Act went into effect in Texas, which is one of over a dozen states that have passed similar laws over the last year and a half. Texas is the largest state so far to implement the exemption, and like North Carolina, it is a good sized state with a strong tech sector, a growing small business sector, low taxes, and generally attractive business climate. The exemption will give Texas a great new way to help finance small businesses and startups, and create jobs. We need to implement this in North Carolina as soon as possible.
The Texas State Securities Board website has details about the Texas Intrastate Crowdfunding Exemption. It also has some interesting information for prospective investors.
A new press release from Front Page PR outlines some of the benefits for the Texas economy that will come from investment crowdfunding in that state. We can look forward to similar benefits here in North Carolina once the NC JOBS Act has been enacted.
Front Page PR Targets New Texas Crowdfunding Portals
- Crowdfunding portal selection
- Crowdfunding deal structure
- Crowdfunding disclosure documents
- Crowdfunding profiles and pitch videos
- Community outreach strategies
- Advertising campaigns
- Email marketing campaigns
- PR/media relations campaigns
- Investor education programs